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Strategies & Market Trends : Analyze The Trade: Home of the T/A Archive

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To: Ta_Bo who started this subject	1/29/2002 9:21:37 AM
From: Ta_Bo	of 232

We were talking about the NYSE tick indicator the other day... Here is a good example of how I use it. This chart is from 1/29/2002. realitytrader.com As you can see... The market was in a downtrend. There was a base formation at the lows that broke down and sold off quickly. The NYSE tick also broke down with the market. however it did not break to new lows. Instead a double bottom was formed. This was a nice reversal sign, as the numbers of upticks vs. downticks was not nearly as bad as the index chart would indicate. This internal "strength" was a signal to tighten stops or exit small timeframe shorts. And watch for an uptrend out of the noontime doldrums. So there is a practical example. Watch how the tick moves in relationship with the market indexes. Then as you se a possible reversal forming.. Go in search of stocks with reversal signs as well. If your market timing is spot on, these stocks will out perform as the market bounces. This is yet another example of my "that which should go down...SHOULD GO DOWN" type trading. Looking for signs that a trend is weakening by watching for (in this case) bearish failures.. Good luck and Good trading! -Bo Yoder bo@realitytrader.com

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